New Oriental Education & Techno (NYSE:EDU):
New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2017.
The company is now up by 1.32%% since yesterday’s close of 92.75.
New Oriental Education & Technology Group Inc., launched on January 25, 2006, is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the People’s Republic of China and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through seven segments, including language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour. The Company provides educational services under its New Oriental brand..
Company shares last traded at $93.97 which is marginally higher than $89.05, the 50 day moving average and impressively higher than the 200 day moving average of $77.42. The 50 day moving average was up by +5.53% and the 200 day average was up $16.56.
The P/E ratio is 54.01 and the market cap of the company is 14.86B. As of the latest earnings report the EPS was $1.74 and is expected to be $2.38 for the current year with 158,119,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.17 and the next full year EPS is projected to be $3.18.
Investors are a little more bearish on shares of the company recently if you pay attention to the change in short interest. The company recorded a rise in short interest of 24.98% as of September 29, 2017 from the last reporting period. Short interest increased from 1,883,084 to 2,353,452 over that period. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares was 0.01% on September 29.
A few brokerage firms have weighed in on the company of late. On September 14 the company was set at “Underweight” by JP Morgan which was a cut from the previous “Neutral” rating.